Thursday, February 13, 2014

Tenuous Stability....2.12.14

Basically a flat line day although volatility did decline ...positive for the bulls.
XIV closed in M3's top ranking...marking day 4 of its VESTED signal.

Following yesterday's pronouncements by the new FED chair that were generally regarded as bullish to benign and no other new macro economic developments to drive the markets we were left with a market in limbo today, the DOW still hovering at 16,000 and no clear idea of the catalyst that might propel the next move.